China Airlines Ltd (CAL, 中華航空) and EVA Airways Corp (長榮航空) on Monday reported record revenue for last month on the back of higher ticket prices and rising demand for air travel.
CAL’s revenue rose 42.13 percent year-on-year to NT$17.54 billion (US$560.03 million) last month, which was also 21.22 percent higher than the previous month.
CAL said the record revenue last month came as its passenger revenue totaled NT$12.25 billion, also the highest in a single month and eight times higher than a year earlier, as more tourists flew overseas during the four-day Dragon Boat Festival holiday.
Photo: Tony Yao, Taipei Times
By region, the airline reported rapid growth in demand for flights to northeast Asia and Oceania last month.
CAL said it has an upbeat outlook for the summer, as booking across all regions for this month and next month has surpassed 80 percent.
The airline would particularly focus on direct flights from Taiwan to North America and Europe, as these routes have a higher margin, it said.
CAL’s cargo revenue last month fell 58 percent year-on-year to NT$4.28 billion, as a global economic slowdown curbed demand for air shipping.
Cargo demand would likely stabilize in the second half of this year if inventory woes facing businesses end soon, it added.
In the second quarter, revenue rose 28.05 percent from a year earlier to NT$47.18 billion, 10.54 percent higher than the previous quarter, it said.
Cumulative revenue in the first half of the year was NT$89.88 billion, up 21.33 percent annually and the highest for the period, company data showed.
EVA Airways’ revenue last month surged 59.38 percent year-on-year and 11.89 percent month-on-month to NT$17.64 billion, the best monthly performance in the company’s history.
The airline attributed the results to robust passenger revenue, which surged 9.85-fold from a year earlier to NT$12.7 billion, or 16.94 percent higher than a month earlier.
The average load factors for Taiwan-to-US and Taiwan-to-Europe flights were above 90 percent last month, while flights between Taiwan and destinations in Southeast Asia, Hong Kong and Macau were above 80 percent, which were the main reasons for its robust growth in passenger revenue in the month, EVA said.
The airline’s second-quarter revenue came in at NT$48.61 billion, up 45.84 percent annually and 9.42 percent sequentially, hitting the highest level on a quarterly level, while its cumulative revenue in the first six months was NT$93.04 billion, up 46.69 percent from a year earlier, company data showed.
The Eurovision Song Contest has seen a surge in punter interest at the bookmakers, becoming a major betting event, experts said ahead of last night’s giant glamfest in Basel. “Eurovision has quietly become one of the biggest betting events of the year,” said Tomi Huttunen, senior manager of the Online Computer Finland (OCS) betting and casino platform. Betting sites have long been used to gauge which way voters might be leaning ahead of the world’s biggest televised live music event. However, bookmakers highlight a huge increase in engagement in recent years — and this year in particular. “We’ve already passed 2023’s total activity and
Nvidia Corp CEO Jensen Huang (黃仁勳) today announced that his company has selected "Beitou Shilin" in Taipei for its new Taiwan office, called Nvidia Constellation, putting an end to months of speculation. Industry sources have said that the tech giant has been eyeing the Beitou Shilin Science Park as the site of its new overseas headquarters, and speculated that the new headquarters would be built on two plots of land designated as "T17" and "T18," which span 3.89 hectares in the park. "I think it's time for us to reveal one of the largest products we've ever built," Huang said near the
China yesterday announced anti-dumping duties as high as 74.9 percent on imports of polyoxymethylene (POM) copolymers, a type of engineering plastic, from Taiwan, the US, the EU and Japan. The Chinese Ministry of Commerce’s findings conclude a probe launched in May last year, shortly after the US sharply increased tariffs on Chinese electric vehicles, computer chips and other imports. POM copolymers can partially replace metals such as copper and zinc, and have various applications, including in auto parts, electronics and medical equipment, the Chinese ministry has said. In January, it said initial investigations had determined that dumping was taking place, and implemented preliminary
Intel Corp yesterday reinforced its determination to strengthen its partnerships with Taiwan’s ecosystem partners including original-electronic-manufacturing (OEM) companies such as Hon Hai Precision Industry Co (鴻海精密) and chipmaker United Microelectronics Corp (UMC, 聯電). “Tonight marks a new beginning. We renew our new partnership with Taiwan ecosystem,” Intel new chief executive officer Tan Lip-bu (陳立武) said at a dinner with representatives from the company’s local partners, celebrating the 40th anniversary of the US chip giant’s presence in Taiwan. Tan took the reins at Intel six weeks ago aiming to reform the chipmaker and revive its past glory. This is the first time Tan
RSS